Assessee-company had two in-house (R & D) facilities. Assessee was granted approval by the Department of Science and Industrial Research (DSIR) on 17-6-2009 from 1-4-2007 to 31-3-2010. Assessee claimed weighted deduction under section 35(2AB) pertaining to capital and revenue expenditure incurred in respect of said R & D facilities during the relevant assessment years 2006-07 and 2007-08. Assessing Officer disallowed the claim on the ground that the agreement was entered into by assessee with DSIR as per clause (3) of section 35(2AB) on 21-8-2008; therefore, assessee was not entitled to claim weighted deduction under section 35(2AB) during relevant years. Tribunal affirmed the order of the Assessing Officer. On appeal, the High Court held that since an agreement as per section 35(2AB)(3) was a condition precedent for the purpose of claiming deduction and this condition was met by the assessee only on 21-8-2008 and, further, approval was granted to the R & D unit of the assessee on 17-6-2009 from 1-4-2007, denial of weighted deduction during relevant assessment years was justified. SLP of assessee dismissed on account of the delay of 1251 days.\u00a0\u00a0\u00a0 (AY. 2006-07, 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 35: Scientific research-Agreement was granted on 17-6-2009 from 1-4-2007-Order of the High Court affirming the disallowance is affirmed-SLP dismissed earlier and refiled once again by a delay of 1251 days is also dismissed. [S. 35(2AB), Art. 136] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-60540","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fKs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=60540"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60540\/revisions"}],"predecessor-version":[{"id":60541,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60540\/revisions\/60541"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}